SNB: December FX reserves data eyed - RBS

FXStreet (Bali) - Market participants will keep close attention to the SNB release of December FX reserves data, which should reveal the scope of EUR/CHF intervention, notes the FX Strategy Team at RBS.

Key Quotes

"At his December 18th press conference, SNB President Jordan revealed the SNB intervened in FX markets to defend the 1.20 floor. The SNB releases December FX reserves data, which should reveal the scope of that intervention."

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EUR remains an excellent buy – Kshitij Consultancy

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